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Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
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Experience:  Extensive Experience with Tax, Financial & Estate Issues
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How is the accumulated depreciation of a house calculated?

Customer Question

How is the accumulated depreciation of a house calculated?
Submitted: 3 months ago.
Category: Tax
Expert:  Stephen G. replied 3 months ago.

Hello, my name is***** goal is to give you a complete & accurate answer. I am working on your request now & I will respond as soon as possible.

Expert:  Stephen G. replied 3 months ago.

You normally don't calculate Accumulated Depreciation; it is simply the sum of the depreciation that has been claimed every year.

Usually you can figure out what it should be and that would be based upon the individual item being depreciated, the depreciation method, the number of years the item has been depreciated.

Steve G.